Kenmare Resources ‘in good position’

Kenmare Resources is confident that once global demand for titanium recovers they are well positioned to be a major beneficiary.

The Irish and London-listed company owns the Moma mine in Mozambique which is capable of producing 8% of the world’s titanium consumption.

The company reported a loss before tax of $42.09m (€30m) for 2013, down from a profit of $52.79m the previous year.